Showing posts with label collectible hobby. Show all posts
Showing posts with label collectible hobby. Show all posts

Monday, February 12, 2018

How to Get the Most Money Out of Your Old Coin Collection

There are many different types of coins out there. If you are a coin collector, there is enough out there to keep you busy with your hobby for a lifetime. However, you may not just be collecting coins for the sake of a hobby. 

You may eventually want to get some money out of them. When you acquire a coin collection, you may not know how to go about selling it to get the most money possible. Here are a couple of tips to get the best deal when selling your unique coins.

1. Take your Time

Like most things, you must take your time when selling your coins to get the best deal. Expect the sale to take anywhere from 45 - 60 days, if not more. 

If you are in too much of a hurry to sell, you will end up losing out on your money. You also want to wait until the right time to sell your coins, and this might mean waiting until some of the most popular auctions in January and late summer. 

The bottom line is that you want to make sure you get the most money out of your coin collection.

2. Get an Appraisal

Before you go to sell your coin collection, you must know what each collection is worth. You will also want to know what each individual coin is worth on their own in case you want to sell the coins individually. 

This way you can know what to expect when buyers come knocking. This also gives you an idea of where to start your pricing to leave room for negotiation. It may cost a small price, but it's worth it to call an appraiser and pay for your coins to be appraised by a professional. 

You should be able to make this money back once you sell the coins anyway. There are a lot of factors that determine the cost of a coin including:
  • rarity 
  • mintage 
  • demand 
  • condition 
  • melt value 
  • full collection 

3. Take your coins to AM Auction

Auctions are one of the most popular ways to sell rare coins. However, they can be somewhat confusing if you're not used to the process. Luckily, you can get help by going to a business like Harlan J. Berk, LTD in Chicago, IL. 

They even offer professional auction representation to get your coin into the most popular auctions, thereby getting the most money possible for your coin collection.

4. Find Complete Sets

Complete sets will always be worth more than just individual coins. This is also true for incomplete sets. If you can complete the collection, it will always be worth more than not. 

Talk to your appraiser about how much more your collection could be with and without the missing pieces to determine if the effort in getting the complete set will be worth it. Then do your research to see if you can find the missing pieces to that collection. 

You also want to make sure they are reasonably priced in order for you to complete it too. If you are planning on turning around and selling your collection, keep in mind that you should be able to make that money back once you are able to sell the set.

Not only can older coins be extremely valuable in certain cases, they can also teach us a lot about history and culture. That is not something you can put a price on at the end of the day. Plus, it's fun to go through the selling process- especially when you make more than intended.

Thursday, July 25, 2013

5 Valuable Collectibles You Didn't Know You Had

As we all know there are lots of cool antiques out there that could be worth a lot of money. Each time we go to our parents’ home or grandparent’s room we just look at all their old stuff and think to ourselves; how much is that worth? 

We see a lot of people take their collectibles and other antiques to pawn shops or sell them on EBay to try and make some extra cash. Sometimes they are getting robbed and don’t know it or they are potentially making bank off something simple they never knew was worth money. If you have seen an episode of “Pawn Stars” you know exactly what I mean. So how can you tell if you have anything worthwhile in your parents’ basement or grandparents’ house? Here are a couple of items that have been a hot commodity lately. 

Musical Instruments

If your Grandpa or Father played a guitar back in his day or was part of a garage band odds are he has a couple instruments lying around the house. You might want to look into them and see if there are any classic or vintage guitars. Some classic Les Pauls and Gibsons have been known to sell well over 20,000 dollars. There are other instruments too like antique player pianos and grand pianos. If you happen to stumble across a player piano that has some old paper music sheets then you might want to get that restored and appraised.


These are something that most old timers have lying around somewhere in their house. Trunks, chest or anything of the sort that has been hand crafted might just make you singing all the way to the bank, especially if you have a treasure chest lying around the house. Those have been have been known to go for over 100,000 dollars. Move over retirement! 

Rare Money or Coins

This one is kind of simple because we see coin commercials all the time on television. Old money that is no longer in circulation could be worth a lot of money. For example if you have a US quarter that was printed in 1960 the starting price is worth $3-5 dollars. Sometimes you will see companies and restaurants offer free ice cream for coins like this. Let’s be honest though if someone is offering you free ice cream for a special kind of coin, it’s probably worth looking into.

Patches and Pins

If your parents went through a hippie stage or punk stage then there is a good chance that they have some patches or pins lying around the house from “the good ole days.” Take a look at them and see if they are salvageable. If they are near mint condition or better then there is a good chance that they can bring in a pretty penny or two. Odds are it would be worth more than what your parents paid for it. Or you could see if you have any old pins for trading that you might have gotten from Disneyland or other amusement parks. There are a lot of collectors out there that are willing to top notch for something simple like that. However, if you are interested in just getting some fun looking pins or customizable ones you can always check out for more information.

There are many ways to go about selling some of your collectibles or seeing if they are worth anything. You can take a picture of the item then upload it to Google images to see if there are any other results that look similar to it. You can also check out EBay or Amazon for some ideas on what they are going for. Who knows what you can find lying around your house.

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